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    Essentials of Accounting Study Set 3
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    Exam 3: Modified Accrual Accounting: Including the Role of Fund Balances and Budgetary Authority
  5. Question
    A Nonexchange Transaction Is One Where a Government Receives Resources
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A Nonexchange Transaction Is One Where a Government Receives Resources

Question 117

Question 117

True/False

A nonexchange transaction is one where a government receives resources without giving equal value in return.

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